You are viewing a single comment's thread:
RE: What is the Price of 20% APR on HBD Savings? .:. Late Night Blogging
you are creating a Ponzi
Which is what most of Joe Public think crypto is!
I know that 20% APR was decided to counterpart LUNA's 20%,
Seriously? I did not even think HIVE and LUNA were in the same league!
On a personal note I am loving the 20% and just hit 300 HBD in my savings. I was mega surprised when this got raised to 20% and I still am surprised it is still at 20%
As I have no say in what it should or not be, I won't worry about it.
Make hay while the sun shines is my motto.
0.00142967 BEE
I know that you are loving it and everyone loves to get 20% doing nothing... But, are we ready to pay that price for sacrificing a "better good"?
This could be easily said also like: The end justifies the means, by Niccolò Machiavelli... I liked to quote him many times when I was a teenager and my thinking was long-term, as for the afternoon... 😂
But, running a business, and having an "unloyal" (or better said illegal) competition, made me change that opinion... HBD with 20% is competing with everyone else with a huge advantage... It can make damage to the whole ecosystem... I would rather sacrifice my $100 today for $10000 tomorrow...
Like I said I have no qualms if it is reduced as I still think it is an unbelievable rate. But as for the competition and competing with other chains. Hive is small scale and whilst I love it, I don't see who we are competing against.
It should be set so as not to harm the Hive ecosystem I agree
View more